ALGAE.TEC LTD SPONSORED ADR AUSTRALIA (OTCMKTS:ALGXY) Shorted Shares Increased 174.19% After Market Selling

June 17, 2018 - By Kurt Siggers

Algae.Tec Limited (OTCMKTS:ALGXY) Logo

The stock of ALGAE.TEC LTD SPONSORED ADR AUSTRALIA (OTCMKTS:ALGXY) registered an increase of 174.19% in short interest. ALGXY’s total short interest was 8,500 shares in June as published by FINRA. Its up 174.19% from 3,100 shares, reported previously. With 1,600 shares average volume, it will take short sellers 5 days to cover their ALGXY’s short positions. The short interest to ALGAE.TEC LTD SPONSORED ADR AUSTRALIA’s float is 0.03%.

The stock decreased 4.96% or $0.0104 during the last trading session, reaching $0.1991. About 2,205 shares traded or 157.29% up from the average. Algae.Tec Limited (OTCMKTS:ALGXY) has 0.00% since June 17, 2017 and is . It has underperformed by 12.57% the S&P500.

Algae.Tec Limited produces and sells algal oil and biomass primarily to the nutraceutical market in Australia, India, and the United States. The company has market cap of $16.82 million. It offers algae products, such as proteins for consumption; and biofuel oils for the transportation and power generation. It currently has negative earnings.

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